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22 September, 07:30

Chris placed $7,400 in a savings account which compounds interest annually at a rate of 5.7%. How much will he have in the account after 4 years?

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  1. 22 September, 07:40
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    Answer:$9237.02

    Step-by-step explanation:

    A = p (1+r/n) ^nt

    A = 7400 (1 + 0.057) ^4

    A = 7400 (1.057) ^4

    A = 9237.02
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